Logitech International S.A. (NASDAQ:LOGI – Free Report) – Investment analysts at Zacks Research issued their FY2029 earnings per share estimates for shares of Logitech International in a note issued to investors on Tuesday, May 19th. Zacks Research analyst Team anticipates that the technology company will post earnings of $6.40 per share for the year. The consensus estimate for Logitech International’s current full-year earnings is $5.16 per share.
LOGI has been the subject of several other research reports. UBS Group cut Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Citigroup boosted their price objective on Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays boosted their price objective on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a report on Wednesday, May 6th. Finally, Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $113.67.
Logitech International Stock Up 0.1%
Shares of LOGI stock opened at $103.78 on Thursday. The stock has a market cap of $15.21 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.64 and a beta of 1.07. The business has a 50-day simple moving average of $96.41 and a 200-day simple moving average of $100.21. Logitech International has a 52-week low of $81.98 and a 52-week high of $123.01.
Logitech International (NASDAQ:LOGI – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a return on equity of 34.12% and a net margin of 14.69%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year.
Hedge Funds Weigh In On Logitech International
Large investors have recently bought and sold shares of the business. Quarry LP acquired a new position in Logitech International in the 3rd quarter worth about $30,000. Westside Investment Management Inc. raised its holdings in Logitech International by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock worth $36,000 after purchasing an additional 163 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Logitech International by 61.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock worth $46,000 after purchasing an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Logitech International by 40.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after purchasing an additional 165 shares during the period. Finally, Richardson Financial Services Inc. raised its holdings in Logitech International by 101.5% in the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock worth $66,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.
About Logitech International
Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.
The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.
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